Islamic Finance Conference
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Islamic Finance Conference
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Effat University & Islamic research and training institute (IRTI)


 the 4th Islamic Finance Conference (IFC 2018)


Blockchain, Smart Contract And Islamic Financing

Date: December 5th 2018

Venue: Effat University, Jeddah, Kingdom of Saudi Arabia

You are cordially invited to submit your research paper for presentation at the 4th Islamic Finance Conference (IFC 2018) on December 5th, 2018  that will take place in Jeddah (Saudi Arabia). The IFC 2018 is organized by Effat University & Islamic Research and Training Institute IRTI. The aim of this conference is to bring together the local and international researchers, scholars and policy makers to present and to discuss research in the field of finance technology, smart contracts and Islamic financing.


Following the success of the previous Islamic Finance Conferences, Effat University and Islamic Research and Training Institute IRTI, are organizing the 4th IFC scheduled to be on the 5th of December 2018 in Jeddah, Saudi Arabia. Themed “BLOCKCHAIN, SMART CONTRACT AND ISLAMIC FINANCING”, the forthcoming IFC 2018 is expected to platform academicians, scholars, researchers, professionals, bankers and other stakeholders to be together to discuss the revolutionary technology of Blockchain that the Islamic finance ecosystem could leverage to exponentially enhance business processes and streamline operations. It is apparent that the characteristics and conditions of Blockchain are in alignment with the principles of Islamic Finance. An exciting technology from Blockchain called smart contracts aims to redefine how contracts work and are closer to Islamic contracts with an undiluted focus on avoidance of any kind of uncertainty regarding settlement of the contracts. The Islamic contracts will now be easy to verify, immutable and secure, mitigating gharar in the form of operational risks arising from settlement and counterparty risks. The adoption of smart contracts by the Islamic finance industry is the most natural thing to do, not just to gain a strong foothold in this technological revolution, but also to be able to fully comply with the Shariah in a transparent way. The Shariah laws can form the conditions of a smart contract. The IFC 2018 addresses the question of what role digital currencies and blockchain technologies play in Shariah banking and Islamic financing, and How Muslim entrepreneurs and small businesses could benefit from blockchain and smart contracts?


  • To enrich the theory of Islamic financial innovation and its role in financing SMEs.
  • To highlight the significance of smart contracts and blockchain in Islamic finance.
  • To address various issues currently faced by the Islamic finance technology
  • To assess the current innovative efforts of the Islamic finance industry


The conference will be held at Effat University, Jeddah, Kingdom of Saudi Arabia


The language of the Workshop will be in English.

Conference Themes

The main topics of the conference include, but not limited to:
  • Ethics and regulation of digital Islamic finance
  • Blockchain and Smart contract
  • Crowdfunding
  • Issues with Islamic financial innovation
  • Shari’ah scholars and SSBs and their position vis-à-vis Islamic financial innovation.
  • Fintech and Saudi vision 2030
  • Digital banking
  • cryptocurrency
  • Dynamic Islamic Capital Market
  • Entrepreneurship
  • Islamic Finance and SME Financing

Paper Submission

Authors are invited to submit their full papers in English, in Word formats. Submissions should be made though email​ or EasyChair website ( Contact person: Dr. Tahar Tayachi.

Any submissions after the September 30th will not be entertained. All the papers’ submission are peer-reviewed and the decision notification is made latest by October 10th.

Both theoretical and empirical papers are considered by the conference.

The authors are required to use the following format:

  • Length: 10 to 15 pages, Font Times New Roman, size 12, 1.0 line spacing (single space), A4 paper size, Margins: 1 inch or 2.5cm
  • Author(s) names, affiliation, correspondence address, and email address should be provided in title page
  • Between three to six key words should be mentioned by the author(s)
  • Tables and figures should be placed in their appropriate location in the paper
  • References should follow APA format

Registration Fees

No registration fees

Publication Opportunity

Selected papers presented in the conference would be published in a special issue of King Abdulaziz University Journal of Islamic Economics KAUJIE (Scopus Indexed). Authors must edit and send their papers conform to the journal guidelines:

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